Equities analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to post $444.76 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Healthcare Services Group’s earnings. The lowest sales estimate is $443.00 million and the highest is $447.60 million. Healthcare Services Group reported sales of $496.41 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10.4%. The company is expected to announce its next quarterly earnings report on Tuesday, February 4th.
On average, analysts expect that Healthcare Services Group will report full-year sales of $1.84 billion for the current financial year. For the next year, analysts forecast that the company will post sales of $1.83 billion, with estimates ranging from $1.82 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). Healthcare Services Group had a return on equity of 17.28% and a net margin of 4.09%. The firm had revenue of $455.60 million during the quarter, compared to analyst estimates of $451.31 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Healthcare Services Group’s quarterly revenue was down 10.1% compared to the same quarter last year.
In other Healthcare Services Group news, Director Robert L. Frome sold 8,500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $24.06, for a total transaction of $204,510.00. Following the sale, the director now owns 9,907 shares of the company’s stock, valued at approximately $238,362.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of HCSG. Copeland Capital Management LLC lifted its position in Healthcare Services Group by 5.0% during the 3rd quarter. Copeland Capital Management LLC now owns 651,732 shares of the business services provider’s stock valued at $15,831,000 after purchasing an additional 31,059 shares during the period. Eagle Asset Management Inc. lifted its position in Healthcare Services Group by 59.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 418,981 shares of the business services provider’s stock valued at $10,177,000 after purchasing an additional 155,629 shares during the period. First Trust Advisors LP acquired a new position in Healthcare Services Group during the 3rd quarter valued at about $628,000. Tibra Equities Europe Ltd acquired a new position in Healthcare Services Group during the 3rd quarter valued at about $318,000. Finally, Yorktown Management & Research Co Inc acquired a new position in Healthcare Services Group during the 3rd quarter valued at about $632,000.
Shares of Healthcare Services Group stock traded up $0.14 on Thursday, reaching $25.38. The stock had a trading volume of 293,500 shares, compared to its average volume of 890,992. The business’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $27.75. Healthcare Services Group has a fifty-two week low of $21.16 and a fifty-two week high of $48.73. The stock has a market cap of $1.90 billion, a P/E ratio of 22.66 and a beta of 0.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.15%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s dividend payout ratio is currently 71.43%.
Healthcare Services Group Company Profile
Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.
Read More: Buy Rating
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